NOT LISTED FOR SALE

434 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $2,866,000 - $3,513,000

4 Beds
4 Baths
3,056 Sq Ft
$1,036/Sq Ft Est. Value

Last Sold January 28, 2020

Last sale price $1,950,000 $638 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $18,100/month

302 Days on Market

Highlights

  • Airstrip
  • Concrete Pool
  • Marble Flooring
  • Ocean Front
  • Deck
  • Cathedral Ceiling

About This Home

As of January 2020

This striking custom built concrete home was designed to take advantage of the stunning views and fabulous sunsets which can be seen from nearly every room in the home. Exquisitely decorated with elegance and taste to include Brazilian cherry wood and marble flooring which grace each room of this magnificent estate. Relax in one of the three en-suite bedrooms or the Master suite featuring a luxurious custom bath, with large tub and massive shower, walk in closet, and ocean front balcony. The chef's ''ocean view'' kitchen features luxury class appliances, granite counter tops and rich cherry cabinets. Make a splash in the sun drenched ocean front swimming pool, then relax in the sun while watching the boats go by. Classic Beauty!

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 03/21/2019

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Andrea Otava

Last Key Realty, Inc (KW) License #3430882

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,545

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Ocean Front
  • Privacy Fence
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,056 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Ocean Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Parking

  • Attached Garage
  • Open Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Airstrip
  • Seawall
  • Screened Balcony
  • Deck
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192890-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,545

Year Built

Built in 2004 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Summerland Key
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 11545.19
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Open Parking, Garage
  • Year Built: 2004
  • Alternate Key Number: 1254789
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Ductless, Central Air
  • Lot Sq Ft: 6000.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Deck, Screened P/B, Patio, Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 3056.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Bar, Security System, Walk-in Closet(s), Storage, Split Bedroom, Pantry, Granite Counter Top, Cathedral Ceilings, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Wine Cooler, Refrigerator, Stainless Steel Appliance(s), Oven, Microwave, Dryer
  • Floor: Marble, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Glass Doors, Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4
  • Accessibility Features: None

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete, Combo Construction
  • Exterior Features: Outdoor Shower, Storage, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: Cable Available, Propane, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE
  • Parcel Number: 00192890-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Feb 3, 2020
Sold by
New Horizons Trust
Bought by
Roulston Karl
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Andrea Otava
Last Key Realty, Inc (KW)
List Price
$1,999,000
Sold Price
$1,950,000
Premium/Discount to List
-$49,000
-2.45%
Current Estimated Value
$3,165,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,215,831
Avg. Annual Appreciation
8.79%

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jan 28, 2020
Sold by
New Horizons Trust and Jackson Terrance M
Bought by
Roulston Karl
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Andrea Otava
Last Key Realty, Inc (KW)
List Price
$1,999,000
Sold Price
$1,950,000
Premium/Discount to List
-$49,000
-2.45%

Purchase Details

Closed on
Feb 15, 2011
Sold by
Jackson Terrance M
Bought by
Jackson Terrance M and New Horizons Trust

Purchase Details

Closed on
Sep 28, 2010
Sold by
Jackson Sally M
Bought by
Jackson Terrance M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,134,064
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 5, 2007
Sold by
Williams Roger and Williams Mary
Bought by
Jackson Terrance M and Jackson Sally M

Purchase Details

Closed on
Jun 18, 2003
Sold by
Taylor Rosemarie J
Bought by
Williams Roger and Williams Mary

Purchase Details

Closed on
Jun 1, 1985
Bought by
New Horizons Trust 12/18/2009

Purchase Details

Closed on
Jun 1, 1984
Bought by
New Horizons Trust 12/18/2009

Purchase Details

Closed on
Dec 1, 1980
Bought by
New Horizons Trust 12/18/2009

Purchase Details

Closed on
Jan 1, 1979
Bought by
New Horizons Trust 12/18/2009
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Roulston Karl $1,950,000 --
Roulston Karl $1,950,000 Attorney
Jackson Terrance M -- Attorney
Jackson Terrance M -- Attorney
Jackson Terrance M $2,200,000 Attorney
Williams Roger $755,000 True Title Agency Inc
New Horizons Trust 12/18/2009 $160,000 --
New Horizons Trust 12/18/2009 $50,000 --
New Horizons Trust 12/18/2009 $32,500 --
New Horizons Trust 12/18/2009 $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Terrance M $1,134,064
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2020 01/28/20 Sold $1,950,000 -2.5% $638 / Sq Ft
01/17/2020 01/17/20 Pending -- -- --
03/21/2019 03/21/19 For Sale $1,999,000 -- $654 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,350 $2,403,460 $1,230,000 $1,173,460
2023 $18,350 $2,439,771 $1,303,500 $1,136,271
2022 $15,688 $1,837,393 $702,000 $1,135,393
2021 $14,945 $1,560,187 $537,000 $1,023,187
2020 $14,495 $1,542,563 $523,500 $1,019,063
2019 $13,069 $1,335,014 $649,500 $685,514
2018 $13,586 $1,367,813 $684,000 $683,813
2017 $12,234 $1,219,970 $0 $0
2016 $12,045 $1,164,321 $0 $0
2015 $11,476 $1,065,710 $0 $0
2014 $13,984 $1,256,564 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Mullins

    Seller's Agent in 2020

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    61 Total Sales

    Fred Mullins
    Section Image

  • A

    Buyer's Agent in 2020

    Andrea Otava

    Last Key Realty, Inc (KW)

    (305) 504-4103

    23 Total Sales

    Andrea Otava
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584879

Florida Keys Board of REALTORS®

APN: 00192890-000000

Florida Monroe County Summerland Key 33042

434 Caribbean Dr E, Summerland Key, FL

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